Video: Energy Secretary Steven Chu to Step Down

Video: Energy Secretary Steven Chu to Step Down

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Although we view Secretary Steven Chu’s tenure at Energy to be a complete failure his departure means Obama’s entire first term energy team is now disbanded pathing the way for Obama to select acolytes who will do his bidding pushing Cap-n-Trade legislation in a fruitless attempt at climate control.

From Fox News:

Energy Secretary Steven Chu will be leaving his post, the White House confirmed Friday, exiting the administration at the start of President Obama’s second term after a rocky tenure.

In his resignation letter, Chu said he intend to stay on board “past the end of February” to help the department find his successor.

Chu’s leadership has drawn sharp criticism from Republicans who questioned his controversial support for and handling of a $528 million federal loan to solar panel maker Solyndra before the company filed for bankruptcy.

“During his time as Secretary, Steve helped my administration move America towards real energy independence,” President Obama said in a written statement Friday. “Over the past four years, we have doubled the use of renewable energy, dramatically reduced our dependence on foreign oil, and put our country on a path to win the global race for clean energy jobs.”

Chu is a Nobel Prize winner in physics and a former director of Lawrence Berkeley National Lab.

Rumors of Chu’s departure had been widely circulated. His departure sets the state for Obama to announce a new team to push legislation through on climate control.